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The cryptocurrency exchange platform Binance has announced its support for the rebranding of the popular altcoin Fantom (FTM) to Sonic (S) along with a token swap. On January 13, 2025, trading of the FTM coin will cease, and all trading pairs will be removed. New trading pairs for Sonic (S) will become active on January 16, 2025, with FTM coins being exchanged for Sonic (S) on a 1:1 basis.
FTM Trading and Withdrawals Coming to an End
Binance will halt FTM coin deposits and withdrawals on January 13, 2025, at 06:30 UTC. Users must complete their FTM coin deposits before this date.
Deposits for Sonic (S) will begin on January 16, 2025, at 10:00 UTC. On the same day, trading pairs for Sonic (S) including S/BTC, S/BNB, S/ETH, S/EUR, S/FDUSD, S/TRY, S/USDC, and S/USDT will be available for trading.
Sonic’s Tokenomics
Initially, Sonic (S) will have a circulating supply of 2.88 billion and a total supply of 3.175 billion coins. The annual inflation rate will stabilize at 1.75% four years after the launch of the Sonic blockchain.
Until 2031, the total supply increase will be limited to 15%. Sonic aims to expand the Fantom ecosystem and improve the user experience.
